JulieQ3 financial results have been announced by “APPLE”. The net profit of $10.7 billion from $ 49.6 billion revenue has been posted by the Cupertino Giant as a record for Q3.
Comparing to the previous year’s performance during the same time period, company’s performance has improved in a massive manner. Last year i.e during Q3 2014, the company took home a net profit of $7.7 billion out of $37.4 billion of revenue.
During this quarter Apple has successfully sold out 47.5 million iPhones. This figure is slightly below than the estimates made by the analysts which was around 49-50 million units. As a result of this the stock of the company has taken a dip.
However, if we compare this year’s revenue related to Apple’s iPhone to that of the previous one, it has increased by 59%. “The gap is widening between us and our competitors”,as stated by Apple CEO, Tim Cook.
Another interesting aspect is that the number of Apple watch units sold during this year has not been specified. As per rumours, it has been said that the total sales of this wearable device is almost more than $1 billion.
It was also revealed by the giant’s CFO, that this smartwatch’s demand during the first nine weeks of its availability had exceeded the demand as compared to that of iPhone and iPad in the same period after their debut.
There has been decrease in the sales of iPad once again. This is the sixth consecutive quarter in which the iPad unit sales have decreased. During Q3 of the year 2014, the iPad sale was around 13.3 million units which has decreased to 10.9 million tablets in Q3 2015.
There has been improvement in the sales of the Mac as compared to last year.
Last year it was around 4.4 million which has increased to around 4.8 million this year.
The stock is getting smacked by the investors as Apple could barely beat the Wallstreet estimate of iPhone sales.
Apple’s share is almost down for about $8 from Tuesday’s close.There has been a decline of around 8% since the time the earnings has been announced.
Mckay Jonson
